Vikram Solar Q1 Profit Plunges to ₹18.7 Cr Despite 35% Revenue Growth

reported a sharp decline in profitability for the quarter ended June 2026. Standalone net profit fell to ₹187 million from ₹1.34 billion in the year-ago period. Revenue rose 35% year-on-year to ₹15.36 billion from ₹11.35 billion. However, EBITDA dropped to ₹1.25 billion from ₹2.44 billion, with the EBITDA margin contracting sharply to 8.13% from 21.48% in the corresponding quarter last year, reflecting pressure on realisations and higher ***** stocks in the solar module manufacturing industry: Waaree Energies, Premier Energies, and Emmvee Photovoltaic Power.